Question: Can Anyone answer this for me? DA EX 12.11 EX 12-4 Entries for issuing no-par stock Obj. 2 On May 15, Helena Carpet Inc., a
DA EX 12.11 EX 12-4 Entries for issuing no-par stock Obj. 2 On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 625,000 shares of no-par com mon stock (with a stated value of $2.25) at $5, and on June 30, it issued for cash 22,000 shares of preferred stock, $50 par at $62. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be cred ited with the stated value. b. What is the total amount invested (total paid-in capital) by all stockholders as of June 307 GIVEN: shares per share per share shares Common stock issued Stated value per share Issue price per share Preferred stock issued Par value per share Issue price per share per share per share +0 o 0 05/15 DR 0
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